Oicintra (Oicintra) Retained Earnings : $-134.60 Mil (As of Sep. 2023)

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What is Oicintra Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Oicintra's retained earnings for the quarter that ended in Sep. 2023 was $-134.60 Mil.

Oicintra's quarterly retained earnings stayed the same from . 20 ($0.00 Mil) to Sep. 2022 ($0.00 Mil) but then declined from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($-134.60 Mil).

Oicintra Retained Earnings Historical Data

The historical data trend for Oicintra's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oicintra Retained Earnings Chart

Oicintra Annual Data

Trend

Retained Earnings

Oicintra Semi-Annual Data
	Sep22	Sep23
Retained Earnings	-	-134.60

Oicintra Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Oicintra (OTCPK:OICT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Oicintra (Oicintra) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oicintra Inc (OTCPK:OICT) » Definitions » Retained Earnings

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Address

1057 Whitney Ranch Drive, Suite 300, Henderson, NV, USA, 89014

Website

https://www.global.oicintrainc.co.za

Oicintra Inc is a precious metals processing company that markets its proprietary methods to extract and leach precious metals from ore. Its target market is precious metals mining operations. Its process improves on environmental hazards typically associated with processing ore to extract valuable precious metals reducing the use of mercury by small and medium-scale miners, and the use of cyanide by medium and large-scale miners.

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